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20121129
20121207
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, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any of us would want to be involved with. that's all i have to say. host: the video we just showed was shot by a c-span producer with his iphone. it was the former senator in a wheelchair making his way into the chamber yesterday for that vote. here's the new york times with that story. and a screen grab. seven he sat in support of the tree. -- he sat in support of the treaty. he's 89 and is a republican at who was the majority leader. his wife elizabeth dole and he left the port and republicans voted down the street. he was recently released from walter reed military center. now an independent caller from ohio, lee. caller: good morning. i am calling about something i have not heard about. people willing to take the $15 or $20 extra they're getting from the to% tax break, it is coming off their pension when they retire. social security is based on what you contribute. host:
on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the president to be released on saturday. he has been under hospital care for nearly a week. this is the republican line. hello? steve? good morning. caller: yes. good morning. pedro, off question and comment. one problem is -- completely out of control. and they continue to -- don't want to touch -- in this country. because the prices of the medical are too -- government -- i don't want to -- medicare, keep complaining about -- and because the hospital -- and they never contribute that much noun medicare. and they put all the money they could toward the working -- if you add them up, it's not that much money. host: to the proposal at hand, what are your comments or thoughts about it? caller: i think it should be cut a lot more than what they cut, because environment is what is killing this country and upping medica
from the expiration of the george w. bush tax cuts for the top 2%. now, i want to make this clear. i said this earlier as it's worth repeating because it's not said very often. every american taxpayer gets a tax reduction. the superwealthy to the very minimum taxpayer in this nation gets a reduction in what the president is proposing and that is to continue the current tax rate on those under $250,000, adjusted gross income. for those who have income over and above that, they get that tax reduction and above that they are going to pay an additional amount up to 3.9% in two different traunches. so everyone gets a tax break, but those superwealthy, the 2%, they're going to pay for and that will amount to a substantial amount of money over 10 years and frankly they've had 12 years of really low, low taxes, the lowest taxes really ever since the 1930's. the president has also proposed something that's very important. we talked about this last week. i want to talk about this again the next time we come here and that is, how do we grow jobs, how do we put people back to work? the president
. george w. bush signed in a phase-out of the estate tax. the top rate stays at 55%. the exemption level started rising from $1 million and going up. it was repealed completely in 2010 for one year. then it sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. red-leaning states like max baucus. host: that was the headline recently in "the wall street journal," showing the senators. at its highest, what was the estate tax? how many people did the estate tax affect? guest: we are talking tens of thousands. right now it affects 3000 estates. the exemption level is set high historical novel. it has come down significantly. big argument from conservatives is it hits small businesses and farms
the george w. bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with heaven, a good friend of mine. let me say -- kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are animating how severe that will be -- are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve
in washington, d.c. next will be bill wichteman. burlington he was a special assistant to george w. bush -- formerly he was a special assistant. here was a policy adviser to bill frisk. he has a very deep experience in matters in both the house and senate which makes and somewhat unique. he has been at the top of the pyramid in both chambers. his time with former senate leader frisk is a help. he hashe has also worked in the santorum campaign. the fourth and final speaker will be brian darling, who is here at heritage afor the time being. he is a senior fellow at government studies. he mahler -- monitors political events and assess this impact on policy decisions on things in general. he is a prolific media presence in talk radio, cable tv, and he has columns in other publications. he is one of the most widely quoted analysts here at heritage. he served previously in the senate for senators martinez, and two other senators. we will start off with james and move on down. thank you. >> good afternoon. please bear with me. i am slowly getting my voice back. first, thank you to heritage, to
to extend the top two tax rates that were cut 12 years ago now under george w. bush or whether to let those rates go back up to levels their work during the clinton administration. this will be a point of negotiation but i didn't think we're at the point where it is being discussed seriously. host: is the ways and means committee involved in this issue? guest: next year if there is some agreement by the end of the year to do something about the tax code. the president and republicans say they want to reform the tax code. the chairman is close to john boehner and i think they are consulted with each other. the talks already high level between the staff of john boehner and the obama administration. host: could this issue to be treated separately? guest: no. i think it will be decided in some kind of package at the end of the year. it could be a small package but they need to make a decision. host: kenneth, good morning. caller: i don't think the american people will get anything unless we let things go over the fiscal cliff. republicans will never agree to anything. i think obama needs to sti
with these george w. bush tax cuts over the past eight years, where are the jobs? if tax cuts create jobs, where are they at? that is one point. when speaker john boehner talks about obamacare costing so much, and government madison -- socialized medicine, that is what the congress gets. they are socialized medicine. if it is good for the congress and senate, but not the american people? ont: let's move on to gina the line for republicans. the last caller said he was to hear about the bush tax cuts and the jobs. what happened? caller: i do not know where the jobs are, but i can tell you if the tax cuts expire, my husband and i make under $100,000 a year in we will be hit with $4,000 in more taxes a year. what i wanted to say was, i agree with the last two previous callers. obama does not want to compromise. here is a fact for you. if he really wanted to compromise and he really wanted more taxes from the rich, he would talk about cutting out the loopholes. anybody who knows anything about taxes understands that is how the top rich get by with paying no taxes. he is trying to play both sides of t
for president obama and president george w. bush will cease after 10 years. both men are young, enjoy good health and have long lives ahead of them postpresidency. this bill proposes to extend that security for the remainder of their lives. there's an unintended anomaly, mr. speaker, that were current law not changed, barbara bush would have more safety than if they were president themselves. the person and the symbol of our presidency is safe and secure for the occuration of their natural lives. with that i would yield. the speaker pro tempore: the gentleman yields back. the gentleman from michigan. mr. conyers: mr. speaker, before i yield to the distinguished gentlelady from texas, i'd like to observe the great relationship that has been formed on judiciary between myself and the distinguished gentleman from san antonio, texas. for four years, he was the ranking member on his side while i was chair. we worked together. and for two years as chair, i worked as his ranking member. and we had a cordial and i think important relationship in framing and putting forward the issues for the commi
trust anything democrats agreed to when we have had a history going back to george h. w. bush where he promised to raise taxes, and the democrats were going to lower -- cut spending $2 for every dollar that he raised? what happened, he had said, read my lips, no new taxes. would he agree to do this, the democrats piled on. why in the world should they trust anything the democrats promise as far as spending cuts are concerned. guest: let's go back to the earlier question, do they live up to the deficit-reduction law's the past. it is true they sometimes pass spending cuts and then reverse them. -- laws they have passed. it is true they sometimes pass spending cuts and then reverse them. it kind of works on both sides, but i suppose why should republicans trust democrats? democrats also did not know if they should trust republicans. that is why we're in a little bit of a gridlock here. host: we began our conversation with sam goldfarb of cq roll call by talking about a so- called tax extenders. a quick definition? guest: temporary tax breaks usually directed to the small type of business
Search Results 0 to 10 of about 11 (some duplicates have been removed)